Let the Auto Industry go Bankrupt

This post was written by marc on November 16, 2008
Posted Under: Letters to the Editor

Letter to the Editor

Unlike financial institutions going bankrupt doesn’t mean Detroit automakers will go out of business. Several airlines have gone bankrupt over the last several years and are still in business today. Throwing billion at them isn’t going to solve their problem. We need electric cars and they worked to kill them. They also worked against raising gas mileage, against safety regulations, and against clean air regulations. When you see a car with the paint falling off – that’s an American made car. The automakers aren’t going to stop producing bad cars or change their ways if we keep throwing borrowed tax payer money at them. And too many industries are all getting in like for their government welfare checks now. We need to put a stop to borrow and spend and this is a good place to draw the line.

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